I am the registered owner of a freehold residence in Leyland but nevertheless invoiced for rent, why is this and what is this?
It’s unusual for properties in Leyland and has limited impact for conveyancing in Leyland but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the creation of fresh rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 will be extinguished.
I have been recommended a conveyancing solicitor in Leyland. I I am struggling to find out if they are accepted on the Accord Mortgages Ltd conveyancing panel. Can you help?
The first thing you should do is e-mail your solicitor and ask them if they can act for the lender. Otherwise you should call Accord Mortgages Ltd who may be able to help.
Are there restrictive covenants that are commonly picked up during conveyancing in Leyland?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Leyland. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Over the last few months I have been searching for a ground for flat up to £235,500 and found one near me in Leyland I like with open areas and transport links nearby, however it's only got 52 years unexpired on the lease. I can't really find anything else in Leyland for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you require a mortgage the remaining unexpired lease term will be problematic. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for a minimum of 2 years you can request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this matter.
What does commercial conveyancing in Leyland cover?
Commercial conveyancing in Leyland covers a broad array of services, offered by regulated solicitors, relating to business premises. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.
As co-executor for the will of my grandmother I am selling a residence in Monmouth but live in Leyland. My conveyancer (approximately 250 kilometers from mehas requested that I execute a statutory declaration prior to completion. Could you suggest a conveyancing solicitor in Leyland to attest and place their company stamp on the document?
Technically speaking you are unlikely to be required to have the documents witnessed by a conveyancing solicitor. Normally any notary public or solicitor will do regardless of whether they are based in Leyland